Whether you are helping your client to purchase or sell a historic home, there seems to be a lot of insurance misconceptions in the real estate industry regarding what is covered. We wanted to help set the record straight so that you can arm yourself with some basic information that will help you direct your clients to an appropriate insurance carrier to protect one of their biggest assets in life — their property.
One of the defining characteristics of Manhattan real estate has been the marriage of historic pre-War architectural character and luxury interiors designed for modern living. This full-floor penthouse condominium wedged between New York City’s Flatiron and Gramercy Park pays homage to this tradition in one of NYC’s hottest up-and-coming neighborhoods.
When you take on a full gut rehab, especially in a historic renovation, you never know what you’ll find once you open it up. Over the years, we’ve seen everything imaginable that is every renovator’s worst nightmare including squirrel and bat infestations, rotting studs encased with mold and noncompliant plumbing and electrical systems that require full replacement.
It’s hard to ignore facts. The hottest real estate markets in the US—San Francisco, Manhattan, and Boston among others—are all predominantly historic.